Avoiding SDLT Surcharge - buy through Ltd?

[washed up contractor]

But you should have a 'hyphen' key on your keyboard. And there really is no excuse for incorrect subject verb agreement, except of course the parlous state of the education system, over many many decades, it would appear.

Oh **** me, look who's setting themselves up as grammar moderator. Again.

[Big Blue Plymouth]

U just press 'a' and hold and all the accented versions appear onscreen with little numbers on the top so u either click or press the number over the one you want.

Easy. Only works on a Mac though....

Works on my touchscreen windows machine too

[northernladyuk]

U just press 'a' and hold and all the accented versions appear onscreen with little numbers on the top so u either click or press the number over the one you want.

Easy. Only works on a Mac though....

And Android phones.

[northernladyuk]

Oh **** me, look who's setting themselves up as grammar moderator. Again.

PIAP fancies himself as a moderator, so just educating the semi-educated.

[Bacchus]

If you want to change your reisdence (ie flip) you need to notify HMRC

You can't flip for stamp duty purposes like you can for CGT. HMRC will decide based on where you spend most time, where your bills go, what's on your driving licence etc.

[Bacchus]

I thought it did. Anyhow, how is my primary residence determined? I'm not doing BTL & will have 2 resi mortgages so which is my primary residence?

As above.

Good luck with finding a lender who will lend on a pied-a-terre, I think most will run a mile from that in the current climate.

[fullyautomatix]

I have a novel solution to your conundrum.

Just pay the fooking tax that you owe!

You are a wealthy IT contractor and yet want to dodge taxes, I bet you are always queuing up at NHS for every bloody ailment.

[Pip in a Poke]

I have a novel solution to your conundrum.

Just pay the fooking tax that you owe!

You are a wealthy IT contractor and yet want to dodge taxes, I bet you are always queuing up at NHS for every bloody ailment.

You see, people like you with that attitude are part of the problem.

I don't OWE any tax. HMRC think they can change the rules & fleece us even more.

Tax is just legalised theft, remember....

[tomtomagain]

Look I KNOW I HAVE TO PAY IT!!!
I just want to know if I have to pay the surcharge if I buy a new primary residence whilst owning a flat that I am going to use as a crash pad for work.

Yes. You have to pay it.

The surcharge was deliberately introduced to target people who are wealthy enough to purchase a second residence.

It is target specifically at you. Someone who wants to own two properties for their own private use.

They've even explained their thinking as to why it's fair here.

[tomtomagain]

I don't OWE any tax.

You will if you buy a second property.